XYZ Company provides tree trimming services. They cut down 3 trees in a yard and collected $2500 cash. The journal entry would include: Group of answer choices Credit to revenues of $2500 Credit to cash of $2500 Debit to accounts receivable of $2500.
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- Home Office collected 100,000 from Branch’s customers on account. Requirements:a. Prepare the journal entries for both the Home Office and Branch books based on theabove transactions.Branch purchased computers and printers worth 110,000 for use of the branch and tobe booked in the Home Office. Requirements:a. Prepare the journal entries for both the Home Office and Branch books based on theabove transactions.The cash payments and purchases journals for Outdoor Artisan Landscaping follow. The accounts payable control account has a June 1, 20Y1, balance of $2,230, consisting of an amount owed to Augusta Sod Co. Page 31 CASH PAYMENTS JOURNAL Other Accounts Post. Ref. Accounts Dr. Ck. No. Payable Dr. Cash Date Account Debited 20Υ1 Augusta Sod Co. Utilities Expense June 4 2,230 2,230 203 54 204 440 440 Home Centers Lumber Co. 5,210 15 205 5,210 Nu Lawn Fertilizer 24 206 910 910 8,790 8,350 30 440 () (21) (11) PURCHASES JOURNAL Page 22 Other Accounts Landscaping Supplies Dr. Post. Ref. Payable Cr. Accounts Dr. Post. Ref. Date Account Credited Amount 20Υ1 5,210 June 3 Home Centers Lumber Co. 5,210 7 Concrete Equipment Co. Equipment 6,700 6,700 18 Nu Lawn Fertilizer 14 910 910 Augusta Sod Co. Home Centers Lumber Co. 24 6,450 6,450 8,430 29 8,430 27,700 6,700 30 21,000 (21) (14) () Prepare a schedule of the accounts payable creditor balances and determine that the total agrees with the ending…
- Karen's Dance Studio created a $300 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: E (Click the icon to view the petty cash tickets.) Read the requirements. Requirement 1. Make the general journal entry to create the petty cash fund. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit i Data Table i Requirements Petty Cash Ticket No. Item Make the general journal entry to create the petty cash fund. Include an explanation. 1. Account Debited Amount Make the general journal entry to record the petty cash fund replenishment. Cash in the fund totals $115. Include an explanation. 2. Ticket No. 1 Delivery of programs to customers Delivery Expense $ 20 Ticket No. 2 Mail package Postage Expense 15 3. Assume that Karen's Dance Studio decides to decrease the petty cash fund to $170. Make the general journal…Consider each of the transaction below independently. All expenditures were made in cash In march, the Cleanway Laundromat bought equipment. Cleanway paid $5,000 down and signed a noninterest-bearing note requiring the payment of $30,000 in nine months. The cash price for the equipment was $34,000. Prepare all necessary journal entries to record each the transaction. Use this format: Date Account Titles DR CRChristine's Dance Studio created a $400 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: View the petty cash tickets. Read the requirements. Requirement 1. Make the general journal entry to create the petty cash fund. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Date Debit Credit Requirements 1. Make the general journal entry to create the petty cash fund. Include an explanation. 2. 3. Make the general journal entry to record the petty cash fund replenishment. Cash in the fund totals $249. Include an explanation. Assume that Christine's Dance Studio decides to decrease the petty cash fund to $260. Make the general journal entry to record this decrease. Print Done Petty Cash Tickets Petty Cash Ticket No. Item Account Debited Amount Ticket No. 1 Ticket No. 2 Delivery of programs to customers Delivery Expense Mail…
- John Grey owns Grey's Snow Plowing. In October, Grey's collects $12,000 cash for 6 commercial accounts for which he will provide snowplowing for the entire season. To record this transaction, Grey will enter which of the following entries? (Check all that apply.) Debit to Unearned Plowing Revenue Debit to Plowing Revenue Credit to Cash Credit to Unearned Plowing Revenue Debit to Cash Check all that apply. Credit to Plowing RevenueA delivery driver received a paycheck for $1360. The company pays $5 for each pick-up at the restaurant and $3 for each drop-off. The number of drop-offs was four times the number of pick-ups Let x be the number of pick-ups and y the number of drop-offs. Answer parts (a) through (c). Use systems of equations to work this applied problem SED (a) Write an equation that represents the total amount of the paycheck. The equation represents the total amount of the paycheck (Type your answer in general form.) (b) Write an equation that represents the relationship between the number of pick-ups and the number of drop-offs The equation represents the relationship between the number of pick-ups and the number of drop-offs (Type your answer in general form.) (c) Find the number of pick-ups and the number of drop-offs The number of pick-ups is x The number of drop-offs is yUsing the QBO Sample Company, Craig's Design and Landscaping Services, complete the following. 1. Create Sales Receipt. Select Create (+) icon > Sales Receipt Select Customer: Dukes Basketball Camp Select Sales Receipt Date: Current Date Select Payment Method: Check Enter Reference No.: 432 Select Deposit to: Undeposited Funds Select Product/Service: Landscaping: Maintenance and Repair Enter QTY: 9 Enter Rate: 33.00 What is the Total for the Sales Receipt? (Answer this question in the table shown below. Round your answer to 2 decimal places.) Select Save and leave the Sales Receipt form open 2. View the Transaction Journal for the Sales Receipt. From the bottom of the Dukes Basketball Camp Sales Receipt, select More > Transaction Journal What are the Account and Amount Debited? (Answer this question in the table shown below. Round your answer to 2 decimal places.) What are the Account and Amount Credited? (Answer this question in the table shown below. Round your…
- An accountant recommends a local computer company to a client that is trying to upgrade its computerized sales records. The client purchases $25,000 worth of equipment and sends a check to the accountant for 5 percent of the total sales. This is an example of aa. Commission.b. Contingent fee.c. Referral fee.d. Nonaudit fee.Lon's Dance Studio created a $300 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: E (Click the icon to view the petty cash tickets.) Read the requirements. Requirement 1. Make the general journal entry to create the petty cash fund. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Data table Requirements Petty Cash Ticket No. Item Account Debited Amount Ticket No. 1 Delivery of programs to customers Delivery Expense $ 20 1. Ticket No. 2 Mail package Postage Expense 10 Make the general journal entry to create the petty cash fund. Include an explanation. 2. Make the general journal entry to record the petty cash fund replenishment. Cash in the fund totals $78. Include an explanation. Ticket No. 3 Newsletter Printing Expense 50 Ticket No. 4 Key to closet Miscellaneous Expense 55 Copier paper Office…MAKE THE NECCESSARY JOURNAL ENTRIES FOR THE FOLLOWINGTRANSACTIONS: 7) Customer transferred 85 .000 TL to the Bank, to close the openaccount 8 ) Customer ordered to purchase 270.000 TL + %10 VAT Merchandise .Customer issued 95.000 advance check for the order . 9) Land is Purchased for 2.850.000 TL + %10 VAT from X Company andBank transfer is made to X company. Real Estate Service Invoice is 80.000 + %10VAT.Half check is issued and balance is on account. Property tax is 70.000 TL ,paid cash.